India Eyes Tariff Cut on $23 bn of US Imports, to Shield $66 bn in Exports

 India is open to cutting tariffs on more than half of United States imports worth $23 billion in the first phase of a trade deal the two nations are negotiating, both government sources said, the biggest cut in recent years, aimed at fending off reciprocal tariffs. The South Asian nation wants to mitigate the impact of USA President Donald Trump's reciprocal worldwide tariffs set to take effect from April 02, a threat that has disrupted markets  worldwide and sent policymakers scrambling, even among Western allies.

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